Actuarial Examination Information

Preliminary Actuarial Examinations administers the jointly sponsored Exams 1/P, 2/FM, and 4/C of the Canadian Institute of Actuaries, Casualty Actuarial Society, and the Society of Actuaries. Information about the first two exams is provided below.

Exam 1/P - Probability
The examination for this course consists of three hours of multiple-choice questions offered through Computer-Based Testing. The purpose of this course is to develop a knowledge of probability. The application of these tools to problems encountered in actuarial science is emphasized. A thorough command of calculus and probability topics is assumed. Additionally, a very basic knowledge of insurance and risk management is assumed.

Exam 2/FM - Financial Mathematics
The examination for this course consists of three hours of multiple-choice questions offered through Computer-Based Testing. This course covers interest theory (discrete and continuous). It assumes a basic knowledge of calculus and probability.

The CAS Syllabus of Examinations and the Education area of the SOA Web site contain detailed descriptions of the actuarial examinations including the material to be covered for each examination, instructions, schedules, and applications.